1. Business
  2. Accounting
  3. there is no j in the drop down or adj...

Question: there is no j in the drop down or adj...

Question details

(The following information applies to the questions displayed below/ The general ledger of Zips Storage at January 1, 2018, includes the following account balances Accounts Cash Accounts Recelvable Prepald Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Deblits Credits 25,600 16.400 14,000 158,000 $ 7700 6,800 153,000 46,500 Totals $214,000 $214.000 The following is a summary of the transactions for the year: a. January 9 Provide storage services for cash, $144,100, and on account, $57,200 b. February 12 Collect on accounts receivable, $52,500 c. April 25 Receive cash in advance from customers, $13,900 d. May 6 Purchase supplies on account, $11,200 e. July 15 Pay property taxes, $9,500 f September 10 Pay on accounts payable, $12,400 g. September 10 Pay salaries, $133,600. h. November 20 Issue shares of common stock in exchange for $37,000 cash. i. December 30 Pay $3,800 cash dividends to stockholders. j. Insurance expired during the year is $8,000. Supplies remaining on hand at the end of the year equal $3,900. Provide services of $12,800 related to cash paid in advance by customers.Cash Accounts Receivable 25,600 144,100 52,500 13,900 37,000 Beg. Bal Beg. Bal 16,400 57,200 9,500 e 12,400f 133,600 9 52.500b End. Bal 113.800 End. Bal 21,100 Prepaid Insurance Supplies Beg. Bal 14,000 Beg. Bal 8,000 Cl. entry 1200 7,300 ADJ. d End. Bal 6,000 End. Bal 3,900 Land Accounts Payable Beg. Bal 158,000 Beg. Bal 001 7700 12,400 11,200d End. Bal 158,000 End. Bal 6,500 Deferred Revenue Common Stock Beg. Bal ADJ. c 001 6,800 12,800 13,900c Beg. Bal 153,000 037000h End. Bal 7,900 End. Bal 190,000 Retained Earnings Service Revenue Beg. Bal 46.500 Beg. Bal 144,100 x a 012,800 ADJ. c. End. Bal 46.500 End. Bal 156,900 Dividends Property Tax Expense Beg. Bal Beg. Bal 3,800 9,500 End. Bal 3,800 End. Bal 9,500Salaries Expense Insurance Expense Beg. Bal Cl. entry Beg. Bal 133,600 8,000 End. Bal 133,600 End. Bal 8,000 Supplies Expense Beg. Bal ADJ. d 7,300 End. Bal 7,300

There is no j in the drop down or adj. j.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution